Sellers in Driver’s Seat at Start of 2014

Demand for single family homes continues to outpace Listing inventory at the start of this year.  If you've been preparing to sell your home this Spring, we might suggest the earlier the better to take advantage of the current favourable conditions for Sellers.

Adding to the usual seasonal demand for housing, Buyers who put off or delayed their home search earlier last year as well as Sellers who did the same for the sale and marketing of their homes are poised to come back this spring with the potential of creating a more balanced market and a very busy season.

Lending rates are holding steady and there are many great rates to be had for those ready to buy or renegotiate an existing mortgage.  From our years of experience, we suggest counsel with a trusted mortgage broker for the best rates for your circumstances.

Looks like there may be some further tightening of lending rules for insured mortgages.  We will keep you posted as we receive details.

Now if only Winter would loosen its grip!

Royal LePage House Price Survey and Market Survey Forecast released January 9, 2014